Debt Ceiling

Here’s What Happens If Congress Fails to Raise the Debt Ceiling

By Michael Rainey

What happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
Why Raising the Debt Ceiling Won’t Be a Problem This Year

By Rob Garver

The final wall of resistance to a “clean” increase of the federal debt ceiling, necessary to avoid a potentially catastrophic government default later this year, appears to have fallen, with White...
Top GOP Conservative: We Won’t Play Around With the Debt Ceiling

By Rob Garver

When it comes to the perennial fight to raise the federal debt ceiling, it’s usually best to assume that the struggle to give the Treasury Department clearance to actually pay the debts that the...
Raise the Debt Ceiling Now, or Face Another Post-Summer Crisis: Meadows

By Eric Pianin

Rep. Mark Meadows, R-NC, one of the most influential conservatives in the House, said Monday he favors quick action this summer to raise the debt ceiling, taking a stand on an issue that is...
Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of It

By Eric Pianin

With another debt ceiling crisis looming that threatens a first-ever default by the Treasury and another government shutdown, there is a growing school of thought in the Senate that lawmakers should...

The National Debt Is a Bigger Problem Than You Think

By Lawrence Goodman

The U.S. debt situation is worse than commonly realized. Unaddressed, the surge in Treasury borrowing over the last 10 years represents an accident in the offing.
Mulvaney’s Debt Ceiling Ploy Protects Treasurys, Not Social Security Checks

By Rob Garver

The Trump administration appears to be considering a plan to pay some government debts but not others if the debt ceiling isn’t raised on time. It’s a plan economists and financial markets experts...
White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession

By Eric Pianin

At a time when worldwide confidence in the U.S. has already been badly shaken by President Trump’s go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by...
New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations

By Rob Garver

The federal debt limit, previously thought to be an issue that could be postponed to the fall, may need to be raised prior to the August recess, complicating the lives of top Republicans in Congress.
The Great Risk Shift Is Back

By Mark Thoma

The vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday.

Debt-Ceiling Debacle: What Would Aristotle Do?

By Ciro Scotti

After watching President Obama and House Speaker John Boehner trade jabs and blame over who’s at fault for the debt-ceiling debacle, it’s hard not to wonder what Aristotle would have recommended for...
Few Concrete Savings in Debt and Budget Plans

By Andrew Taylor

WASHINGTON (AP) — They may promise to reduce federal spending by $3 trillion or thereabouts, but the immediate spending cuts in rival budget and debt proposals by House Speaker John Boehner and...
Democrats Say Obama Should Invoke the 14th Amendment

By JIM ABRAMS

WASHINGTON (AP) — House Democrats are saying that President Barack Obama should invoke a little-known constitutional provision to prevent the nation from going into default if Congress fails to come...
Mad as Hell? Don't Take it Anymore!

By The Fiscal Times Staff

If you're fed up with the stalemate over raising the debt ceiling and reducing the deficit, here's an efficient way for you to SPEAK UP. Post a comment below, letting the president and congressional...
Rating Agencies Exploit Debt Drama to Regain Trust

By Liz Peek

Are the ratings agencies trying to restore their credibility on the backs of U.S. taxpayers? Standard and Poor’s and Moody’s, the nation’s largest credit watchdogs, are making headlines, warning of...

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